MAI Capital Management Acquires 2,232 Shares of iShares S&P Mid-Cap 400 Value ETF $IJJ

MAI Capital Management increased its stake in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 332,483 shares of the company’s stock after purchasing an additional 2,232 shares during the period. MAI Capital Management’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $41,088,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 0.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,415,718 shares of the company’s stock worth $169,504,000 after buying an additional 8,049 shares during the last quarter. D.A. Davidson & CO. grew its position in iShares S&P Mid-Cap 400 Value ETF by 3.5% in the second quarter. D.A. Davidson & CO. now owns 954,981 shares of the company’s stock worth $118,017,000 after acquiring an additional 32,385 shares in the last quarter. Raymond James Financial Inc. increased its stake in iShares S&P Mid-Cap 400 Value ETF by 2.7% in the first quarter. Raymond James Financial Inc. now owns 876,953 shares of the company’s stock valued at $104,997,000 after acquiring an additional 23,414 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in iShares S&P Mid-Cap 400 Value ETF by 12.2% during the second quarter. Cullen Frost Bankers Inc. now owns 831,931 shares of the company’s stock valued at $102,810,000 after purchasing an additional 90,152 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in iShares S&P Mid-Cap 400 Value ETF by 25.0% during the first quarter. LPL Financial LLC now owns 817,455 shares of the company’s stock worth $97,874,000 after purchasing an additional 163,256 shares during the last quarter. 66.95% of the stock is owned by hedge funds and other institutional investors.

iShares S&P Mid-Cap 400 Value ETF Trading Down 1.3%

IJJ opened at $123.92 on Friday. The stock has a market capitalization of $7.51 billion, a P/E ratio of 16.13 and a beta of 1.05. The stock has a 50-day moving average price of $128.93 and a 200-day moving average price of $126.11. iShares S&P Mid-Cap 400 Value ETF has a 12-month low of $102.24 and a 12-month high of $136.42.

About iShares S&P Mid-Cap 400 Value ETF

iShares S&P Mid-Cap 400 Value ETF, formerly iShares S&P MidCap 400 Value Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Value Index (the Index). The Value Index measures the performance of the mid-capitalization value sector of the United States equity market and consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics.